Accounting Reform Takes Center Stage

Everyone - Congress, the GAO, the SEC, financial executives, CFO groups, overseas regulatory agencies, the AICPA and other organizations - weighed in on "the new way" that auditors should perform their duties, and CPA firms should be policed. But two people stand out from the crowd and leave their mark - Senator Paul Sarbanes of Maryland and Representative Michael Oxley of Ohio, the authors of the Sarbanes-Oxley Act that will redefine the accounting profession and corporate financial reporting for years to come.